3 Red-Hot Growth Stocks to Buy in 2023 and Beyond
Growth stocks have become more expensive this year as investors gained confidence that the U.S. economy will avoid a recession in the near future. The Nasdaq Composite, home to many of these high-flying investments, is up nearly 30% so far in 2023. That spike has boosted the valuations of many attractive stocks, likely limiting future returns.
Yet sometimes it makes sense to pay a premium for a business that's growing quickly and generating higher annual earnings. While they aren't exactly secrets on Wall Street, these stocks might still surprise investors with their operating successes in the coming years.
Lululemon Athletica (NASDAQ: LULU) had a great run when consumers were eagerly spending in 2021 and 2022, and its momentum has continued into the post-pandemic period. Revenue in the most recent quarter was up a blazing 20% after accounting for currency exchange rate swings.
Source Fool.com
Lululemon Athletica Inc. Stock
Our community is currently high on Lululemon Athletica Inc. with 89 Buy predictions and 6 Sell predictions.
As a result the target price of 453 € shows a very positive potential of 96.96% compared to the current price of 230.0 € for Lululemon Athletica Inc..
